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$INX 📉 Short Price $0.007934 · 5m -1.24% · 24h +21.03% · Vol 0.8x the four hour chart is showing lower highs while active selling pressure easily overwhelms any buy flow right now SL $0.008197 · TP $0

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HTX Creation Challenge — Post and Win 1,500U 💥Discuss Hot Assets , Enter the Lucky DrawHTX Refer And Earn Why Bittensor’s latest upgrades could push TAO crypto above $220 Bittensor eyes a breakout as 

HTX  Creation Challenge — Post and Win 1,500U 💥

Discuss Hot Assets , Enter the Lucky Draw

Why Bittensor’s latest upgrades could push TAO crypto above $220

Bittensor eyes a breakout as technicals improve and network upgrades gain traction.
Bittensor [TAO] is approaching a decisive moment as weeks of selling pressure begin to lose momentum. Since peaking near $292.2 in late June, the token has steadily retreated. However, each successive decline has become less aggressive.

That slowdown has formed a falling wedge, a pattern that often reflects weakening bearish conviction rather than fresh selling pressure. Consequently, at press time, TAO traded around $198.3, as it nears the pattern’s apex near the critical $182.5 support.

Buyers have defended that level several times since January, making it the foundation of the current structure. Meanwhile, the failure to reclaim $244.7 has kept the overall trend biased towards the sellers, as that previous support has turned into solid resistance.

Additionally, momentum indicators show the bearish trend is waning. At the time of writing, the RSI has rebounded to 45.23 but still hasn’t reached the price’s recent lows. This shift indicates a reduction in selling momentum below the surface.

Notably, the MACD reinforces this view. While both lines of the MACD continued to converge on the zero line, the histogram has made a slight positive turn. Despite that, volume remains very light compared to what was seen during the sharp sell-off that occurred in mid-July.

That lack of follow-through suggests sellers are no longer entering with the same conviction. Therefore, a breakout above the wedge and a reclaim of $244.7 would likely confirm a bullish reversal and expose $292.2.

Yet, losing $182.5 would invalidate the setup and shift momentum back toward the February low near $150.




Why Bittensor’s latest upgrades could push TAO cry

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